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News You Can Use

Jan 11, 2019

1. Chinese e-commerce giant Alibaba settled roughly $9.92 billion in the first hour of its annual Singles' Day on Sunday.

2. Twitter is considering adding an edit feature to its service, co-founder and CEO Jack Dorsey said in a town hall event held at IIT Delhi.

3. PwC India is investing of Rs. 100 Cr towards development of digital solutions.

4. Accenture has acquired US-based Intrigo Systems, which offers SAP-based supply chain solutions, for an undisclosed amount.

5. Early-stage venture capital firm Endiya Partners aims to raise Rs 500 crore for its Fund-II

6. Amazon pumps an additional Rs 220 Cr into Amazon Pay

7. Travel meta search company Ixigo has projected gross transactions of $250 million (about Rs 182 crore) by the end of the current financial year.

8. Zomato suspends its first paid subscription service ‘Zomato Treats’, reports Entrackr.

9. Honda Motor is planning to roll out its electric vehicle (EV) in the Indian market by 2023-2024.

10. Malaxmi Group’s Startup Platform The Sedibus has signed MoU with Velagapudi Ramakrishna Sidhhartha Engineering College (VRSEC) to establish their Technology Business Incubator (TBI).

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Jan 9, 2019

1. Ride-hailing firm Grab lands $50M from Thailand's Kasikornbank to launch the GrabPay electronic wallet in its sixth Southeast Asian market in 2019.

2. Alibaba Group's newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, reports Reuters.

3. Used car marketplace Spinny is in talks to raise $10-15 million from Accel Partners and Sequoia Capital, reports DealStreetAsia.

4. Amazon has introduced its audiobooks streaming service – Audible in India.

5. IT services firm Mphasis has acquired Virginia-based cloud technology services company Stelligent Systems LLC in an all-cash deal valued at $25 million.

6. Digital gaming startup Mobile Premier League (MPL) recently closed a $5-million Series A round of funding from angel investors.

7. Singapore-based boutique venture fund RB Investments has invested a little over $1 million for a 28 per cent stake in Jaipur-based meat retail chain operator A&R Bon Vivants which runs a chain of stores under the brand name Let’s Meat.

8. US-based business and financial software company Intuit is looking to tap the growing startup community in India, to expand their business along with the mid-market.

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Jan 7, 2019

1. Social commerce platform Meesho has raised $50 million in a Series C funding round from Shunwei Capital, DST Partners, RPS Ventures, Sequoia India, SAIF Partners & Venture Highway, for a valuation between $200 million and $250 million.

2. Mumbai based newly licenced bank Fino Payments Bank has been slapped a fine of Rs 1 crore by RBI.

3. Dialysis and kidney care provider NephroPlus has acquired the Rs 50-crore Indian operations of the world’s second largest kidney care provider and US-listed Fortune500 firm DaVita for an undisclosed amount.

4. Engineering solutions provider QuEST Global will be looking at hiring upto 3000 people in India for its digital business over the next two years.

5. Freecharge co-founder Kunal Shah announced his new venture Cred— “a platform to celebrate and reward the most creditworthy people of India.”

6. Walmart invests $37 Mn In Indian Unit to expand its presence in the country.

7. Cross-border venture capital (VC) firm Transit Capital is in talks to raise its debut fund and is targeting a corpus of $50-60 million, reports DealStreetAsia.

8. US-based private equity firm Jaguar Growth Partners plans to launch an Asia-focused fund next year, targeting India, China and other markets.

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Jan 4, 2019

1. Chinese early and growth stage VC fund Shunwei Capital raises $1.21 Bn in latest global fund, to double down on India

2. Amazon is set to acquire 9.5% stake in Future Retail next week for Rs 2,500 Cr.

3. SoftBank exec Kabir Misra's fund may invest in social commerce company Meesho and insurance provider Acko, reports Mint.

4. Amazon to invest in creating regional content for fast-growing Prime Video

5. KPMG to expand India front, looks to hire 9,000 employees

6. Amazon India logistics arm-Amazon Transportation Services (ATS) has received Rs 122 crore fresh capital from its parent entities Amazon Corporate Holdings and Amazon.com, reports ET.

7. Telangana government has now scheduled the launch of its prototyping centre T-Works for electronics, electromechanical and mechanical startups and individuals by April 2019.

8. Impact investor and advisor Aavishkaar Group is looking to raise $300M for its South Asia-focused fund early next year to invest in Vietnam, Indonesia, Myanmar and Laos among others.

9. Innov8 Cowroking is going operational with four new enters in Nov’18 in Delhi/NCR and Mumbai.

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Jan 2, 2019

1. Ola is reportedly finalising a $100 million (about Rs 735 crore) investment from its existing backer Hong Kong-based hedge fund, Steadview Capital, at $5.5-$6.5 billion valuation.

2. Pet Care brand Captain Zack raises $1.5 mn in Pre-Series A led by industrialists Kushal Desai and Chaitanya Desai through their family office.

3. San Francisco and Delhi-based financial research platform Sentieo has raised $19 million (about Rs 140 crore) in its Series A round led by growth equity firm Centana Growth Partners.

4. Fintech lending startup Nira has closed a seed funding round of $ 1 million from angle investors in the United Kingdom and India.

5. SIDBI is now working on an internal model to rate the venture capital firms before investing in them via its flagship Rs 10,000 Cr Fund-of-Funds for Startups (FFS) scheme.

6. Yuvraj Singh’s YouWeCan Ventures Backs Singapore-based virtual reality startup HoloSuit.

7. Byju’s is expected to be valued at $3.5 billion at the close of its ongoing funding round of $200-300M, reported Mint.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Dec 31, 2018

1. Cyber security firm Lucideus Tech has raised $5 million (over Rs 36 crore) in funding, led by Cisco Chairman Emeritus John Chambers.

2. Edtech startup UpGrad has acquired Gurugram-headquartered job skilling platform AcadView for an undisclosed amount.

3. Online gaming platform GamingMonk has raised Rs 4 crore from Japan-based Incubate Fund, Rajan Anandan, VP, Google India & South East Asia.

4. Alibaba-backed BigBasket may end up raising about $300-400 million as part of the latest funding talks, at $1.5-2 billion valuation, reported LiveMint.

5. Internet first apparel brand TURMS, which sells stain repellent, odour-resistant daily wear has raised Rs 6.3 crore from a clutch of angels.

6. China’s OnePlus set to foray into Indian smart TV market, recently announced the formation of a new division to develop Smart TVs.

7. News Corp-backed realty portal PropTiger forays into global property brokerage market, opens office in Dubai

8. Myntra is expanding its portfolio of private brands with the launch of a plus size apparel brand, Sztori, designed to suit a larger range of body shapes and sizes.

9. Payment solutions firm AGS Transact Technologies Ltd. gets SEBI nod to float an initial public offering (IPO).

10. AuthBridge, India’s leading employee background data intelligence firm steps up to become the largest Indian company in employee screening & verification – acquires Bangalore-based Footprints Collateral Service

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Dec 28, 2018

1. Shikhar Dhawan and his wife Aesha launch their premium home décor brand ‘DaONE Home’

2. SoftBank may lead $120M-$150M funding in Grofers, reported ET.

3. Ibibo founder Ashish Kashyap launches his second venture IndWealth and has raised an estimated $30 million in seed funding from hedge fund Steadview Capital.

4. IBM to acquire software company Red Hat for $34 billion

5. Indians spent over Rs 50,000 crore on Chinese smartphones in FY18, nearly twice what they spent on them in the previous fiscal.

6. Fashion jewellery startup Sukkhi raises $7 million from Carpediem Capital, Duane Park

7. Essel Green-backed ZipGo acquires Pune-based bus aggregator Supreme Trans Concepts in a cash-and-stock deal.

8. Sixth Sense Ventures invests in edutech firm Eupheus Learning

9. Online medical supplies aggregator Medikabazaar has raised $5 million led by Quadria Capital-backed healthcare venture capital fund HealthQuad.

10. Ready-to-drink tea maker Invenmi has raised $150,000 from US-based venture capital firm Austin Seed Ventures.

11. Blue collar ecosystem solutions management firm BetterPlace is looking to raise Rs 100 crore ($13.6 million) in its Series B round of funding, reported ET.

12. Flipkart co-founder Sachin Bansal may invest up to $100m in EV maker Ather Energy, reported LiveMint.

13. NinjaCart, a marketing and delivery platform for agriculture produce, is in advanced talks to raise $20-25 million from existing investor Accel Partners and new investors, reported DealStreetAsia.

14. Workspace Provider IndiQube Enters Mumbai Market, Now Present in 5 Cities Across India

15. Next 10 Ventures Launches First Global EduCreator Incubator in Learning and Education

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Dec 25, 2018

1. Ola-backed Foodpanda has expanded its delivery network to 30 more cities in India, taking its presence to 50 cities across the country, and aims to be in 100 cities by Nov-end.

2. Paytm Payments Bank has appointed veteran banker Satish Kumar Gupta as managing director and CEO.

3. Gurgaon-based health products retailer HealthKart, operated by Bright Lifecare Pvt. Ltd, is raising around $10 million in a fresh funding round from new and existing investors, said a VCCircle report.

4. FirstCry, a retailer of baby products online, is looking to raise at least $100-$150 million from Alibaba and SoftBank, reported LiveMint.

5. Amazon India today announced that it is piloting a new delivery service for smartphones in Delhi NCR region. Under the ‘Faster than Same Day’ delivery service available on select best-selling smartphones, Amazon said it will provide delivery within 3-5 hours.

6. Israel-based global open innovation platform SOSA is in talks with at least three Indian states - Maharashtra, Assam and Goa to set up tech innovation hubs.

7. Bus aggregator Shuttl has secured $1 million from venture debt firm Trifecta Capital.

8. Betaout, a Noida-based customer intelligence and marketing automation platform for e-commerce companies, has been acquired by US-based retail technology marketing firm Bluecore for an undisclosed amount.

9. Delhi-based biotechnology startup Clensta International, has raised an undisclosed amount of seed funding from Indian Angel Network and its maiden VC Fund, IAN Fund.

10. Korean razor company Dorco Ltd made its first investment in India by acquiring 10 per cent stake in Ahmedabad-based grooming startup LetsShave.

11. Healthtech startup Medimetry has raised seed funding of an undisclosed amount from US-based hedge fund BlueSky Capital Management, reported VCCircle.

12. Cyrus Mistry has announced the formation of Mistry Ventures LLP, established with the intention to provide strategic insights and advice to businesses, incubate new ventures and provide seed, early stage and growth capital to startups in India and globally.

13. Wipro has increased fresher salaries to Rs 3.5 lakh per annum, from about 3.2 lakh.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

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